Thursday, the Securities and Exchange commission (SEC) finally levied formal charges against former CEO Angelo Mozillo, former Chief Operating Officer David Sambol and former Chief Financial Officer Eric Sieracki of Countrywide Financial Corp. The charges stem from actions during 2005-2007 and allege...

Check out this reblog from one of our friends at originalsubprime.com: Erik Gerding, assistant professor, UNM School of Law, discusses how mortgage investments work and how that process led to the subprime mortgage crisis. Part of Global Instability: Causes, Consequences, and Cures, a lecture series...